Dane, Incorporated, owns Carlton Corporation. For the current year, Dane reports net income (without consideration of its investment in Carlton) of $282,000 and the subsidiary reports $97,500. The parent had a bond payable outstanding on January 1, with a carrying amount of $215,000. The subsidiary acquired the bond on that date for $204,500. During the current year, Dane reported interest expense of $22,560 while Carlton reported interest income of $18,960, both related to the intra-entity bond payable. What is consolidated net income